F.N.B. Corp (FNB) Shares Bought by Legal & General Group Plc
Legal & General Group Plc lifted its holdings in shares of F.N.B. Corp (NYSE:FNB) by 11.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 356,470 shares of the bank’s stock after acquiring an additional 35,248 shares during the quarter. Legal & General Group Plc owned approximately 0.11% of F.N.B. worth $5,001,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of FNB. Ffcm LLC acquired a new position in F.N.B. in the 2nd quarter valued at $114,000. Stifel Financial Corp raised its holdings in shares of F.N.B. by 1.9% during the 2nd quarter. Stifel Financial Corp now owns 10,609 shares of the bank’s stock worth $150,000 after buying an additional 202 shares in the last quarter. Park National Corp OH acquired a new position in shares of F.N.B. during the 3rd quarter worth $162,000. CIBC Asset Management Inc acquired a new position in shares of F.N.B. during the 3rd quarter worth $163,000. Finally, Raymond James Trust N.A. raised its holdings in shares of F.N.B. by 20.4% during the 2nd quarter. Raymond James Trust N.A. now owns 12,859 shares of the bank’s stock worth $182,000 after buying an additional 2,181 shares in the last quarter. Institutional investors own 75.96% of the company’s stock.
In other news, Director Frank C. Mencini purchased 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The shares were acquired at an average cost of $12.93 per share, with a total value of $25,860.00. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Robert M. Moorehead purchased 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were purchased at an average cost of $13.46 per share, for a total transaction of $67,300.00. Following the completion of the purchase, the insider now owns 25,312 shares in the company, valued at approximately $340,699.52. The disclosure for this purchase can be found here. Over the last ninety days, insiders have purchased 8,500 shares of company stock worth $113,350. 1.21% of the stock is owned by company insiders.
F.N.B. (NYSE:FNB) last announced its earnings results on Thursday, October 19th. The bank reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. F.N.B. had a return on equity of 6.81% and a net margin of 19.95%. The company had revenue of $291.38 million for the quarter, compared to analyst estimates of $299.47 million. During the same quarter in the prior year, the company earned $0.24 EPS. research analysts forecast that F.N.B. Corp will post 0.92 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date was Thursday, November 30th. F.N.B.’s dividend payout ratio (DPR) is currently 62.34%.
FNB has been the subject of a number of research analyst reports. ValuEngine raised F.N.B. from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Stephens started coverage on F.N.B. in a report on Wednesday, December 13th. They set an “equal weight” rating for the company. Zacks Investment Research lowered F.N.B. from a “hold” rating to a “sell” rating in a research report on Monday, September 25th. Royal Bank of Canada restated a “hold” rating and set a $15.00 price objective on shares of F.N.B. in a research report on Friday, October 20th. Finally, Boenning Scattergood upgraded F.N.B. from a “neutral” rating to an “outperform” rating in a research report on Monday, August 28th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $17.39.
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F.N.B. Corporation is a financial holding company. The Company operates through four segments: Community Banking, Wealth Management, Insurance and Consumer Finance. Its Community Banking segment consists of First National Bank of Pennsylvania (FNBPA), which offers services, including commercial and individual demand, savings and time deposit accounts and commercial, mortgage and individual installment loans.
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